RELEASE: pr5617-09

Release: 5617-09
For Release: February 20, 2009

CFTC Seeks Public Comment on a Proposal to Amend and Clarify the Requirements for Acknowledgment Letters

Washington, DC – The Commodity Futures Trading Commission (CFTC) has approved for publication in the Federal Register a proposal (Proposal) to amend CFTC regulations 1.20, 1.26, and 30.7 to clarify the required content of the acknowledgment letter that a futures commission merchant or derivatives clearing organizationmust obtain from any depository holding its segregated customer funds or funds of foreign futures or foreign options customers.

The Proposal sets out specific representations that would be required in the acknowledgment letters in order to reaffirm and clarify the obligations depositories incur when accepting segregated customer funds or funds of foreign futures or foreign options customers.

The CFTC seeks public comment on the Proposal. The comment file will remain open for 30 days following publication in the Federal Register. Copies may be obtained by contacting the CFTC’s Office of the Secretariat, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581, 202-418-5100 or by accessing the CFTC’s website, www.cftc.gov. Interested parties may submit their comments electronically at secretary@cftc.gov. All comments received will be promptly posted on the CFTC's website.